Universal Cables Ltd

Universal Cables Ltd

₹ 749 -3.82%
14 Jun - close price
About

Universal Cables Ltd is predominantly engaged in the business of manufacturing a large range of power cables from 1.1kV to 400kV & capacitors, Turnkey Projects
relating thereto and other types of wires and cables, conductors, etc. [1]

Key Points

Business Division [1]
**Cable- ** It offers Low Voltage, Medium Voltage and Extra High Voltage XLPE Power Cables up to 500 kV grade, PVC and Rubber Insulated Power Cables up to 11 kV grade, Control and Instrumentation Cables up to 1.1 kV.

  • Market Cap 2,598 Cr.
  • Current Price 749
  • High / Low 799 / 368
  • Stock P/E 24.0
  • Book Value 512
  • Dividend Yield 0.40 %
  • ROCE 10.0 %
  • ROE 6.62 %
  • Face Value 10.0

Pros

Cons

  • Company has a low return on equity of 7.09% over last 3 years.
  • Earnings include an other income of Rs.97.7 Cr.
  • Company has high debtors of 195 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Cables Industry: Cables - Power

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
422 278 451 490 594 514 514 591 583 479 494 467 580
390 249 436 460 546 470 468 548 531 443 471 426 519
Operating Profit 32 29 16 30 48 44 46 43 52 37 23 41 61
OPM % 8% 11% 3% 6% 8% 9% 9% 7% 9% 8% 5% 9% 11%
36 23 18 14 23 18 15 17 35 22 18 23 34
Interest 16 16 17 20 25 22 24 24 27 21 22 24 24
Depreciation 7 6 6 6 6 6 6 6 6 6 6 6 6
Profit before tax 45 29 10 18 41 35 32 31 54 32 14 33 65
Tax % 25% 26% 17% 24% 24% 23% 18% 21% 24% 25% 17% 28% 25%
33 22 8 14 31 27 26 24 41 24 12 24 49
EPS in Rs 9.64 6.29 2.39 3.94 8.97 7.72 7.47 7.04 11.83 6.93 3.36 6.91 14.00
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
817 1,180 1,415 1,568 1,280 1,813 2,202 2,021
742 1,073 1,240 1,402 1,189 1,690 2,016 1,859
Operating Profit 75 107 175 166 91 123 185 162
OPM % 9% 9% 12% 11% 7% 7% 8% 8%
52 52 79 81 88 78 86 98
Interest 44 53 62 77 63 78 97 91
Depreciation 19 21 21 23 26 24 22 24
Profit before tax 65 84 170 147 90 99 152 144
Tax % -9% 2% 20% 39% 25% 24% 22% 25%
70 83 136 90 67 75 118 108
EPS in Rs 20.32 23.84 39.16 25.96 19.38 21.60 34.05 31.19
Dividend Payout % 0% 6% 5% 8% 5% 7% 9% 10%
Compounded Sales Growth
10 Years: %
5 Years: 7%
3 Years: 16%
TTM: -8%
Compounded Profit Growth
10 Years: %
5 Years: -4%
3 Years: 17%
TTM: -8%
Stock Price CAGR
10 Years: 34%
5 Years: 31%
3 Years: 61%
1 Year: 89%
Return on Equity
10 Years: %
5 Years: 7%
3 Years: 7%
Last Year: 7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 35 35 35 35 35 35 35 35
Reserves 647 800 964 955 1,101 1,260 1,462 1,740
288 394 541 621 609 694 657 771
175 299 310 571 606 770 657 774
Total Liabilities 1,144 1,527 1,851 2,183 2,351 2,758 2,810 3,320
134 122 155 172 187 167 161 200
CWIP 0 17 2 17 0 2 11 0
Investments 518 634 740 847 1,025 1,190 1,359 1,652
492 756 954 1,146 1,138 1,400 1,280 1,467
Total Assets 1,144 1,527 1,851 2,183 2,351 2,758 2,810 3,320

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
70 -42 -59 38 90 -12 143 33
-13 -18 -27 -42 -16 -7 -15 -50
-61 62 84 4 -72 16 -127 18
Net Cash Flow -3 2 -1 -0 2 -3 0 1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 139 159 157 187 229 195 148 195
Inventory Days 89 71 101 89 101 79 61 70
Days Payable 95 114 96 106 124 118 63 82
Cash Conversion Cycle 133 116 162 169 206 155 146 183
Working Capital Days 134 125 163 163 215 171 149 183
ROCE % 12% 17% 14% 9% 9% 12%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
61.89% 61.89% 61.89% 61.89% 61.89% 61.89% 61.89% 61.89% 61.89% 61.89% 61.89% 61.89%
0.04% 0.00% 0.01% 0.03% 0.00% 0.11% 0.35% 0.36% 0.35% 0.31% 0.34% 0.30%
2.20% 1.94% 1.94% 1.94% 2.04% 2.05% 2.40% 2.55% 2.48% 3.01% 5.25% 6.18%
35.87% 36.17% 36.16% 36.14% 36.07% 35.96% 35.36% 35.20% 35.28% 34.80% 32.50% 31.62%
No. of Shareholders 16,70317,54917,31516,97316,65814,55213,22913,63914,27616,60614,91914,939

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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